This LED listed company "stepped on" two major outlets, the net profit growth is expected to nearly double in the first half of this year

Recently, Liard released the first half of the performance forecast, and expected net profit will increase by 90% to 110%. Liard expects that the company will achieve a net profit of 349 million yuan to 386 million yuan in the first half of 2017, an increase of 90% to 110%.

The announcement said that the main reason for the increase in net profit was the expansion of sales and the increase in orders. As of May 31, 2017, the new business of the night travel economic business segment and the number of orders already won this year totaled 1 billion yuan, an increase of more than 300% over the same period of last year; the small-distance TV set a new 800 million yuan this year, an increase over the same period last year. above 50.

The company expects that the operating cash flow is expected to improve significantly, dissolving investors' doubts about the risk of the EPC&PPP model of the CTS project.

The company's 16-year operating cash flow decreased significantly. The reason is that cultural tourism projects have large accounts receivable during the construction period, and the return period is long, which brings greater cash flow pressure, but it is not the Wenzhou lighting project itself. The profit model has the problem of large capital investment and heavy assets. This year, with the substantial recognition of revenue and strict control of new order cash flow, the cash flow risk will be fully improved.

At present, Liard's small spacing and landscape lighting business are in a period of rapid growth.

In 2016, the LED small-pitch display market began to enter a period of real explosive growth. Major screen companies continued to increase technology research and development and market layout in this area. The product point spacing continued to achieve breakthroughs, pixel density increased sharply, and resolution was greatly improved. The application market is accelerating to penetrate into the large-screen display field, and the market prospect is very impressive.


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